My previous conveyancer has given a fee estimate £995 for no sale no fee conveyancing in Lampton. I’m looking to sell a purpose built property for £150,000. Is this too much? Is it above what I should be paying for conveyancing in Lampton?
The costs illustration is slightly on the steep side. If you are content to expend time scrutinising fee on a like for like basis you could shave off some of the expense by say £125. On the other hand, you mightlive to regret choosing an an unknown conveyancer. Don't forget to ensure the solicitor can act for your bank. You can employ our search tool to locate a Lampton conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Lampton.
The Lampton conveyancing firm handling our Lampton conveyancing has identified an inconsistency between the information in the valuation report and what is in the conveyancing documents. My solicitor has advised that he is duty bound to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my conveyancer’s stance right?
Your lawyer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
My brother-in-law has suggested I instruct a conveyancing solicitor in Lampton. I I would like to check whether they are on the National Westminster Bank approved list of lawyers. Can you help?
The first thing to do is call the conveyancer and ask them whether they are on the lender panel. Alternatively you should call National Westminster Bank who may be able to confirm.
The deeds to our house are lost. The conveyancers who dealt with the conveyancing in Lampton 10 years ago no longer exist. What are my options?
Gone are the days when you need to hold title official documentation to evidence that you own the land or property, as the Land Registry hold details of all registered land or property electronically.
I am purchasing my first flat in Lampton with a loan from The Mortgage Works. The developers refused to reduce the price so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not to tell my solicitor about this side-deal as it may adversely affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey completed on a property in Lampton before instructing lawyers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some lenders tend refuse to grant a loan on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Lampton. Conveyancing will be smoother if you use a solicitor in Lampton especially if they are acquainted with such properties in Lampton.